British High Commissioner Praises Tinubu’s Economic Reforms

British High Commissioner in Nigeria, Richard Montgomery, indicates that Africa’s most populous nation has transformed into a more appealing destination for investment. He credited this advancement to President Bola Tinubu’s “big and bold” economic reforms.

During a Wednesday press conference in Abuja, Montgomery said that the UK perceives increasing opportunities in Nigeria for various reasons.

“We all know about the abolition of the fuel subsidy, we all know about the unification of the exchange rate system, and my headline this morning is that these economic reforms are paying off, and these economic reforms are now making Nigeria more investible.” The envoy said.

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He noted that the commission aligns with the World Bank’s Nigeria Development Update (NDU) released in May 2025. This update emphasises that the naira has gained more stability and highlights that a predictable economic climate supports investment.

British High Commissioner Praises Tinubu's Economic Reforms

“It’s almost a 90 per cent increase in the amount of resources we’ve collected, partly through administrative management and making sure that revenues from various MDA’s reach the treasury, and that increase in revenue means reductions in fiscal deficit.” He added.

The British representative remarked that companies are seeking to grow and that optimism is rising, as shown by a notable increase in the purchasing manager’s index (PMI).

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